The 2017 World’s Most Ethical Companies have been revealed, with 124 firms from 19 countries receiving the esteemed honor from Ethisphere.
Now in its 11th year running, the program’s 200-question survey had the backing of an advisory panel of leading attorneys and government officials, professors and organization leaders; with survey responses analyzed further through supporting documentation and independent verification conducted by Ethisphere.
Those who made the 2017 World’s Most Ethical Companies list have demonstrated their commitment to: Corporate Citizenship and Responsibility; an Ethics and Compliance Program; Corporate Governance; Leadership, Innovation and Reputation; and instilling a Culture of Ethics.
The companies that made the cut spanned 52 industry sectors of which 11 were in the tech/telco space, including:
- Singtel (Category: Telecommunications)
- T-Mobile US Inc. (Category: Telecommunications)
- Brightstar Corp (Category: Telecommunications)
- Dell Inc. (Category: Technology)
- LinkedIn (Category: Technology)
- Microsoft (Category: Technology)
- Wipro Limited (Category: Information Technology Services)
- Xerox Corporation (Category: Information Technology Services)
- CA Technologies (Category: Software & Services)
- Symantec Corporation (Category: Software & Services)
- Teradata Corporation (Category: Software & Services)
Symantec is celebrating a decade of making the honor list, with Ricoh and Cisco the only two tech companies that were on the 2016 honors but were not awarded a spot in 2017. Notably, Ethisphere does not publish the names of those firms that have applied but not been accepted, so it is possible that both companies did not re-apply for this year’s honors.
In order to be considered for the honorees list, a fee of $1,000-1,500 (depending on the size of the business) is required. Despite the significant investment of both time and money, making the cut is no doubt a confidence boost to the company’s brand for its customers and shareholders:
“Singtel is honored to again be recognized as a World’s Most Ethical Company for our longstanding commitment to transparency and the highest level of corporate governance. I’m especially proud of our more than 25,000 employees who bring our core values to life every day. We believe our long-term success depends not just on our financial performance, but how we maintain the highest standards of corporate governance and create positive change in society,” said Singtel’s Group CEO, Chua Sock Koong in Ethisphere’s press release.
Ethisphere maintains that a company’s financial value and ethics are inexorably tied together and its analysis of the stock price of publicly-traded 2017 honorees compared to the S&P 500 over the last two years proves it:
Whilst a 6.4% ‘ethics premium’ presents important potential to the company, the recognition of the awards appears to extend beyond financial and promotional gain, and is seen as having a positive impact on the company’s people strategy with employees and HR leaders taking to social media to celebrate making the 2017 list:
Whatever the reason, there are 124 companies enjoying the competitive edge this honorary list delivers, driving up the confidence and trust of its shareholders, customers and employees.